bank when its partner bank fails. We investigate how capital constraints affect the choice of the healthy bank to takeover … or liquidate the exposure held jointly with the failing bank, and how the bank's ex ante optimal capital holding and … possibility of contagion are affected by anticipation of bail-out policy, capital requirements and the joint exposure. We identify …

sovereign default -- a de facto bailout. Consistent with this, the likelihood a defaulting sovereign is granted an IMF loan is …

liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that … repaid their bailout funds in full. The decrease in the cost of equity is particularly significant for banks with high market … important implications for the assessment of government bailout programs and future regulation of financial institutions …

in Europe. We consider bank bailouts for these banks in a simulation framework with stochastic country-specific bailout … efficiency of a bailout mechanism with a supranational authority. Even a unanimous voting rule works better than home …

likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …This paper examines the impact of charter type, holding company structure, and measures of bank fragility on the …